Evanston Investments Dba Evanston Advisors Lowered Its Hanesbrands (HBI) Holding by $4.45 Million; Share Price Declined; Cinemark Holdings (CNK) Stake Maintained by Anchor Capital Advisors Llc

April 24, 2018 - By Darrin Black

Hanesbrands Inc. (NYSE:HBI) Logo

Kevin Michael Ulrich increased its stake in Cinemark Holdings Inc (CNK) by 2.22% based on its latest 2017Q4 regulatory filing with the SEC. Anchor Capital Advisors Llc bought 19,942 shares as the company’s stock rose 5.40% while stock markets declined. The hedge fund run by Kevin Michael Ulrich held 919,892 shares of the movies and entertainment company at the end of 2017Q4, valued at $32.03 million, up from 899,950 at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in Cinemark Holdings Inc for a number of months, seems to be bullish on the $4.67B market cap company. The stock increased 0.73% or $0.29 during the last trading session, reaching $39.96. About 744,650 shares traded. Cinemark Holdings, Inc. (NYSE:CNK) has declined 11.39% since April 24, 2017 and is downtrending. It has underperformed by 22.94% the S&P500.

Evanston Investments Inc Dba Evanston Advisors decreased its stake in Hanesbrands Inc. (HBI) by 72.81% based on its latest 2017Q4 regulatory filing with the SEC. Evanston Investments Inc Dba Evanston Advisors sold 222,556 shares as the company’s stock declined 7.94% with the market. The institutional investor held 83,104 shares of the clothing and shoe and accessory stores company at the end of 2017Q4, valued at $1.74M, down from 305,660 at the end of the previous reported quarter. Evanston Investments Inc Dba Evanston Advisors who had been investing in Hanesbrands Inc. for a number of months, seems to be less bullish one the $6.57 billion market cap company. The stock increased 5.87% or $1.01 during the last trading session, reaching $18.22. About 10.82 million shares traded or 56.21% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since April 24, 2017 and is downtrending. It has underperformed by 19.71% the S&P500.

Evanston Investments Inc Dba Evanston Advisors, which manages about $372.58M and $435.15 million US Long portfolio, upped its stake in Cvs Health Corp. (NYSE:CVS) by 11,421 shares to 107,883 shares, valued at $7.82 million in 2017Q4, according to the filing. It also increased its holding in Guggenheim Bulletshares 2022 Corp. Bond (BSCM) by 36,356 shares in the quarter, for a total of 333,692 shares, and has risen its stake in Capital One Finl Corp. (NYSE:COF).

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on May, 1 after the close. They expect $0.24 EPS, down 17.24% or $0.05 from last year’s $0.29 per share. HBI’s profit will be $86.49 million for 18.98 P/E if the $0.24 EPS becomes a reality. After $0.52 actual EPS reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -53.85% negative EPS growth.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Hanesbrands had 61 analyst reports since September 17, 2015 according to SRatingsIntel. Barclays Capital maintained Hanesbrands Inc. (NYSE:HBI) rating on Thursday, November 2. Barclays Capital has “Overweight” rating and $26 target. The firm has “Buy” rating given on Thursday, February 8 by FBR Capital. The rating was maintained by Nomura with “Neutral” on Thursday, November 2. The firm has “Outperform” rating by Wells Fargo given on Thursday, October 22. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 8. Stifel Nicolaus maintained the shares of HBI in report on Friday, February 3 with “Hold” rating. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Hold” rating by Macquarie Research on Monday, April 2. CL King upgraded the shares of HBI in report on Monday, December 12 to “Buy” rating. The firm has “Neutral” rating by DA Davidson given on Monday, October 26. Stifel Nicolaus maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, November 2 with “Hold” rating.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.04, from 1.15 in 2017Q3. It is negative, as 75 investors sold HBI shares while 173 reduced holdings. 79 funds opened positions while 197 raised stakes. 337.77 million shares or 0.93% more from 334.65 million shares in 2017Q3 were reported. Vnbtrust Natl Association owns 10,700 shares. U S Global Investors holds 16,600 shares. Us Commercial Bank De invested 0% in Hanesbrands Inc. (NYSE:HBI). British Columbia Invest Management Corp stated it has 464,787 shares. 168,735 were accumulated by Northern Cap Mgmt Lc. Atlantic Trust Lc invested in 441,262 shares. Swiss State Bank invested in 1.35M shares. Axa has invested 0.01% in Hanesbrands Inc. (NYSE:HBI). Goldman Sachs Gp Inc Inc invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Veritable LP holds 0.03% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 65,587 shares. Cadence Capital Mngmt Limited has invested 0.04% in Hanesbrands Inc. (NYSE:HBI). Capital Financial Advisers Ltd Liability holds 0% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 19,216 shares. Eqis Mgmt invested in 0.13% or 123,789 shares. Northpointe Cap Llc reported 146,797 shares. Selway Asset Mngmt reported 1.28% of its portfolio in Hanesbrands Inc. (NYSE:HBI).

Since February 15, 2018, it had 0 buys, and 1 insider sale for $1.07 million activity.

Anchor Capital Advisors Llc, which manages about $8.51 billion and $2.83B US Long portfolio, decreased its stake in Epam Sys Inc (NYSE:EPAM) by 4,526 shares to 192,923 shares, valued at $20.73M in 2017Q4, according to the filing. It also reduced its holding in Sabra Health Care Reit Inc (NASDAQ:SBRA) by 40,782 shares in the quarter, leaving it with 1.81 million shares, and cut its stake in Ishares Tr (LQD).

Among 22 analysts covering Cinemark Holdings (NYSE:CNK), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. Cinemark Holdings had 73 analyst reports since July 23, 2015 according to SRatingsIntel. B. Riley & Co downgraded the stock to “Neutral” rating in Wednesday, March 30 report. The company was maintained on Wednesday, October 18 by B. Riley & Co. As per Thursday, September 14, the company rating was maintained by Piper Jaffray. The company was downgraded on Wednesday, August 10 by Drexel Hamilton. Loop Capital initiated the shares of CNK in report on Wednesday, August 24 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 10. As per Friday, August 21, the company rating was maintained by FBR Capital. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, April 3. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Buy” rating on Friday, February 23 by Piper Jaffray.

Since December 12, 2017, it had 0 buys, and 2 selling transactions for $11.18 million activity. $10.92 million worth of Cinemark Holdings, Inc. (NYSE:CNK) shares were sold by MITCHELL LEE ROY.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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